By Daniel Edu
– Buying Rate: N965 NGN
– Selling Rate: N970 NGN
Please be aware that these rates are specific to the Lagos Parallel Market (Black Market) and can vary based on location and market conditions. It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market (black market) rates. The CBN has directed individuals who want to engage in foreign exchange transactions to approach their respective banks.
Additionally, the article mentions that the Federal Government of Nigeria is currently servicing 108 World Bank loans worth $14.12 billion. These loans date back to as early as 1989 and continue into recent years, with the most recent loan approved in 2018. These loans serve various purposes, including agricultural development and other projects aimed at boosting the country’s economy.
